Lumia announced the launch of a testnet and user task credits program for its RWA Layer 2, which enables developers and users to start exploring features including taps, bridges, sequencers, and more before the mainnet launches. It is expected to attract developers and customers who want to try out the infrastructure components of the Lumia L2 ecosystem. (Chainwire)
RWA Layer2 project Lumia (formerly Orion) has announced the completion of the RWA Node sale, raising $25 million in less than 20 days, an achievement it says is expected to make Lumia a dominant player in the RWA chain space. The Lumia team said they are excited about the growing interest in its disruptive technology from major institutional investors and the community. More details about this round of financing will be announced soon, the project side said.
On July 24th, Lumia announced a partnership with DWF Labs to promote the development of the RWA market. By leveraging its Layer-2 technology and Lumia Stream capabilities, Lumia can support DWF Labs' portfolio in the RWA space. Lumia will also serve as a liquidity channel, aggregating traditional digital assets and integrating the RWA tokenization platform to make RWA assets liquid and tradable.